The food irradiation market involves the process of exposing foods to ionizing radiation with the major purpose of eliminating pathogenic and spoilage microorganisms as well as extending the shelf life of foods like spices, meat, fruits and vegetables. This process provides numerous advantages over traditional methods of food preservation by inhibiting the natural process of food deterioration and spoilage. The need for food irradiation stems from the growing consumer demand for fresh, ready-to-eat meals with longer shelf life offered through convenient packaging.
Global food irradiation market is estimated to be valued at US$630 million in 2024 and is expected to exhibit a CAGR of 5.0% over the period of 2024-2029.
Key Takeaways
Key players operating in the food irradiation market are Sterigenics International LLC, Ionisos SA, ScanTech Sciences Inc., Gray Star Inc. and Nordion Inc. The major opportunities for growth in the market include expanding applications in food processing industries and increasing adoption in developing nations due to improved food safety measures. Moreover, rising consumer health awareness and growing focus on food security are prompting key players to accelerate global expansion through partnerships and new facility development across regions.
Market Drivers
Rising for convenience foods is a major driver boosting the Food Irradiation Market Size. Due to changing lifestyles and busy schedules, consumers now prefer ready-to-eat meals and longer shelf-life foods which increases the scope of application for food irradiation techniques. Furthermore, strict food safety regulations regarding microbial contamination coupled with increased government emphasis on food preservation for ensuring food security will continue to propel market revenues over the forecast period.
PEST Analysis
Political: Food irradiation technology adoption faces political challenges related to food safety regulations. Most countries have passed regulation for food irradiation to ensure proper safety standards are followed.
Economic: The economic conditions impacting food irradiation adoption include food production and consumption trends. Irradiated foods have longer shelf life helping reduce food wastage benefiting both consumers and producers.
Social: Social factors influencing market growth are changing consumer preferences and awareness about food safety. As consumers increasingly demand safe, hygienic and longer shelf-life foods, irradiation technology acceptance is rising.
Technological: Continuous advancements are being made in irradiation technology and equipment to optimize costs and improve efficiency. Developments in packaging and labeling are also enhancing market potential.
Regions where market in terms of value is concentrated
North America accounts for the largest share of the global food irradiation market currently. This is due to stringent food safety regulations and growing consumer awareness about the benefits of irradiated foods like meat and spices in the region. Countries like the US and Canada have approved irradiation of various food items enabling established market presence.
Fastest growing region
The Asia Pacific region is expected to grow at the fastest pace during the forecast period owing to rising food security concerns and an expanding food processing industry in developing nations. China, India and other Southeast Asian countries are increasingly adopting food irradiation to meet domestic food demand and for exports. Developing infrastructure and supportive regulatory environment makes Asia Pacific an attractive market for irradiation technology providers.
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About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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